they often made enough in interest before the debt consolidated.
How is that even possible?
Sure seems like alot of ads for something that doesn't exist. And seems like everyone is doing it. (everyone trying to get out of debt anyway)
You're all heart my buddeh. And obviously have the money of an average shedogger.
It just means you will pay less interest. Can t think of a bank that will refund part of your debt and lol at taxpayer money.
Lolwut. There's an entire massive industry based around buying debt, and then attempting to collect on it.
The only way it works is if the first bank thinks you are going to default so they sell your debt for say, 80 cents on the dollar. So this first bank loses. Second bank makes a deal with you for say 90 cents so everyone wins except first bank who gets fucked.
You guys are mixing up everything. When a bank makes a loss it reduces its earnings before taxes so it pays less tax. Just like any business doing losses. It s not the same as "the taxpayer paying for it".
Did you read the rest of my post? I explained how the taxpayers pay for it.
Or the banks paying less taxes causes the government to just tax everyone more to make up the loss.
